Alasdair Macleod makes an assessment regarding the consequences of Trump’s tariffs. He also discusses the future of gold.
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Alasdair Macleod makes an assessment regarding the consequences of Trump’s tariffs. He also discusses the future of gold.
7 replies on “Macleod”
We are currently taking our life savings out of the bank and storing it all in a safe at home. It’s all in notes. When you buy gold, what is the best source for it? And how would you transport it safely overseas? I feel there will come a time when my mother and I will have to flee the UK.
You cannot buy gold in a UK bank?
I have no idea. It’s not an investment bank, just a regular bank. Do you buy gold? If so, where do you get yours?
Hi, I’m not sure if I can help. In the UK I buy from bullionbypost.co.uk where you order what you want from their online sales site and they’ll pay for the P&P to send it to you. You can also sell gold (and silver) to them, and their phone based selling-to system is easy on the customer. I think they have small stocks of palladium and platinum also, and with the gold and silver you have a choice of coins/numismatic coins and bars (and occasionally nuggets). Aside from that, as a secondary materials investment – though it cannot be used as money – you could consider Rare World Metals Mint at https://www.rwmmint.com/ for a selection of rare earth metal ounce ingots, or indeed Cardiff Gold (which works like Bullion by Post but covers copper bullion also). https://cardiffgold.co.uk/ For transportation I think it should be enough to put it in a locked travel safe, and ship it/fly it insured as with anything else. Smaller amounts could be kept on the person. There are some companies that specialize in shipping luxury goods. I hope this is a start.
Why would they sell precious metals for money if they know money will become worthless a decade or so from now? Why would anyone after the civilizational apocalypse trade food and water, which has immediate utility, for something as inert as gold? It makes no sense.
I would need about 20K worth of gold. Would that fit in a safe? I don’t feel comfortable buying that amount of gold over the internet. I would want to inspect the bullion and make the exchange in person.
Insurance? I’d sooner handcuff a portable safe to my wrist and take it on the plane with me, quite frankly.
Okay, in that case it very much depends upon area, but just for example there’s a gold traders in Colchester called goldealers [sic] ltd. where you can book an appointment to visit their shop. I’ve used them before. There’d be others around the country.
And of course, you’re right… post-collapse by an apocalyptic point gold would be worthless… best stored for the distant future at that juncture (or kept in small quantities for checkpoint bribes and the like or underworld transactions, to sweeten a deal, much as silver would suit this function better), or otherwise used up previous with the correct timing. It’s all about trading it at the right time. Idelly you would have put it into whatever you wanted it for by then; property or larger supplies or whatever. The only other truly post-apocalyptic use I can think for for gold would be proxy dentistry.
Considering 8 ounces of gold would, very roughly right now, be worth about 20K, if you purchased the common 1 ounce Britannia coins, it would easily fit in a safe. It would fit in a single coin tube for that matter. yes, and a handcuffed portable safe is as good an idea as any. Unless you were seriously mugged or hijacked and it was hacked off, but I don’t see that as very likely, unless you’re intent on a particularly volatile third world destination, and even then, not really.
PS. sorry, I missed your first point in my response: good question regarding their selling for money (well, selling for fiat). I’d imagine they’re unsure as to whether there’ll be a collapse. These aren’t Austrian economics pessimists on the whole. I imagine they consider a bad recession, but not a full blown global collapse depression (hence why gold price prediction sites for 2028-2030 don’t reflect this either). This will happen very suddenly when it happens, it seems, but it’ll take a while to be noticed. Also, they charge premiums over spot price, so they’re probably making a bit off the venture. Who knows, maybe they’ve investing that currency back into gold elsewhere, or into some other primary sector resource.